$SOL Six hours ago, PumpFun (@pumpdotfun) deposited 86,255 $SOL, valued at $16.22 million, into Kraken

With SOL trading around $188.06, this transfer continues PumpFun’s pattern of cashing out fees from its Solana-based meme coin launchpad, having moved over 3.93 million $SOL ($715.5 million) to Kraken since May 2024.

The platform’s frequent deposits, including 148,759 $SOL ($28.22 million) in February, have sparked concerns about selling pressure on $SOL, though its price has held steady amid Solana’s $1 billion DEX volume.

What’s your take—is PumpFun’s cash-out strategy weighing down $SOL, or are they just smartly locking in profits?

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